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Markets are starting to come off their recent all-time highs, but it’s the tech-heavy NASDAQ that’s actually the most concerning right now. Tech, which led the markets last week, is starting to give up its leadership position, with chipmakers like Nvidia and AMD coming under pressure.
With that said, a lot of the intermarket signals we look at are in fact positive, at least in the short-term. It wouldn’t be surprising to see stocks notch one more run at all-time highs before the bears come out in force.
It’s a complicated market, no question; there are just as many opportunities as there are potential pitfalls. So let’s take a look at what the charts are telling us…
